Titan Pharmaceuticals, Inc. common stock (NASDAQ: TTNP) is flying early on in the trading session this morning. However, if you go digging for news, you’re not going to find any. At least, news that was released today. Nonetheless, there’s a good reason for the climb. The company has a catalystic event that will take place later today. Below, we’ll talk about the event, what we’re seeing from the stock, and what we’ll be watching for ahead.
TTNP Will Be Holding A Conference Call This Afternoon
As mentioned above, Titan Pharmaceuticals is having a strong start to the trading session as excited investors get prepared for a catalystic event that will be taking place today.
In a press release issued on November 8, 2018, the company announced that it would be holding a converence call at 4:15 p.m ET today. During the call, the company will discuss its financial results for the quarter ending September 30, 2018.
Investors are excited as the company has been seeing a decline in losses for the past four consecutive quarter and seems to be on the cusp of reporting its first positive earnings. So, this may just be the quarter that breaks the company into profitable territory. Nonetheless, we’ll find out as the closing bell rings today.
What We’re Seeing From The Stock
With expectations that Titan Pharmaceuticals may be on the cusp of producing a profit, investors are excited, sending the stock on a run for the top. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:06), TTNP is trading at $0.45 per share after a gain of $0.027 per share or 6.29% so far today!
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on TTNP. In particular, we’re interested in following the earnings release to see if the company does finally break even or even better, break into profit. In the previous quarter, the company reported a loss of $0.04 per share, so, it’s not too far off, especially considering the trend of shrinking losses. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!